Category: Real Estate and Mortgages

Much of the past and current financial market crisis is blamed on two main factors – poor risk management by company executives and the ultra-depressed housing market. Company management is paying the penalty with most failed CEO's fired and years of lawsuits and regulatory probes ahead for implicated senior executives.…

Bloomberg reports that US banking committee senators have asked regulatory bodies (FHFA) now controlling mortgage giants Freddie and Fannie to freeze foreclosures for 90 days in order to "provide immediate relief to many homeowners'' and let the companies "turn these non-performing loans into performing assets to minimize losses". Lawmakers and…

Reverse mortgages are becoming an increasingly popular financing offering with our aging baby boomer population, looking for ways to unlock the value from their homes. Simply defined, reverse mortgages are a special type of home loan that lets a homeowner convert a portion of the equity in his or her…

Not having to pay rent or a mortgage is one of the key steps to financial freedom. It frees up what is most likely your biggest expense and allows you to channel that money to other wealth building pursuits.  I currently pay about $3500 a month in rent (including taxes), and have…